Kovitz Investment Group Partners LLC Grows Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Kovitz Investment Group Partners LLC increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,008 shares of the insurance provider’s stock after acquiring an additional 477 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Travelers Companies were worth $2,170,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $27,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $37,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $44,000. Providence First Trust Co purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $48,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $55,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. HSBC cut Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research report on Monday, March 24th. Wells Fargo & Company raised their target price on Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, BMO Capital Markets lifted their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $267.32.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $261.56 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The company has a 50 day simple moving average of $254.66 and a two-hundred day simple moving average of $250.68. The stock has a market cap of $59.26 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the previous year, the business posted $4.69 EPS. As a group, analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies’s payout ratio is 23.95%.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.